Overview
Saba Capital Management, L.P., identified as a ten-percent owner of BlackRock ESG Capital Allocation Term Trust (EXCHANGE:ECAT), executed two separate stock sales totaling 94,153 common shares on February 24 and 25, 2026. The combined sales produced roughly $1.43 million in proceeds, with trade prices spanning $15.09 to $15.27 per share.
Transaction details
On February 24, Saba Capital sold 34,797 shares at $15.09 per share. The following day, February 25, the firm sold an additional 59,356 shares at $15.27 per share. Those two transactions together account for the reported 94,153 shares divested by the firm across the two-day period.
Post-trade holdings and market context
Following these sales, Saba Capital Management, L.P. still holds 23,575,057 shares of BlackRock ESG Capital Allocation Term Trust. The trust's share price is currently reported at $15.19, which sits within the range of the transaction prices recorded on February 24 and 25, 2026.
Income profile cited
InvestingPro data referenced in the reporting indicates that the trust offers a 21.81% dividend yield and has increased its dividend for five consecutive years. The original report notes that InvestingPro also tracks four additional key tips for ECAT investors, though those items are not detailed here.
Contextual note
The reporting provides the sale quantities, dates, prices, aggregate proceeds, the seller's remaining share count, the prevailing market price at the time of reporting, and the trust's dividend yield and dividend-growth record as stated by InvestingPro. No explanation for the sales was provided in the transaction disclosure described.